Different Types of Credit Cards in India 2024 | Bajaj Finserv (2024)

11 Different types of credit cards

• Travel credit card:Travel credit cardslet you avail discounts on all airline ticket bookings, bus and rail ticket bookings, cab bookings, and more. Reward points are earned on every purchase. You can redeem reward points on future travel bookings. Make the most of complimentary access to VIP airport lounges, book tickets at discounted rates, and more with travel credit cards.
• Fuel credit card:Save throughout the year on fuel spends by reducing your total transportation costs with afuel credit cardand avail fuel surcharge waivers.
• Reward credit card:This credit card comes with acceleratedreward pointson specific purchases and transactions. Bonus points earned can be redeemed for discounts on future purchases or to reduce your monthly credit card bills.
• Shopping credit card:Shop at our online or offline partner stores to get discounts on purchases or transactions withshopping credit cards. Avail cashbacks, discount vouchers and more throughout the year.
• Secured credit card:With proper usage, credit card holders can improve their credit scores. Asecured credit cardagainst fixed deposit is one such credit card that gives attractive interest rates.
• Contactless credit cards:Contactless credit cardsare quickly gaining popularity among users as a convenient and safer payment option. With contactless payment, there is no need to swipe or insert your card into a machine. Instead, you simply tap your card on a contactless-enabled payment terminal, and that's it. This technology uses radio frequency identification (RFID) technology to quickly transmit the payment information between your card and the terminal. It's fast, easy, and secure, making contactless credit cards a go-to option for many people.
• Cashback credit cards:Cashback credit cardsare becoming increasingly popular among credit card users. With these types of cards, you can earn a percentage of your purchases back in cash. That means for every dollar you spend; you'll get a certain amount of money back. This can add up over time, especially for those who use their cards frequently. Cashback cards can also come with additional perks, such as no annual fees or travel rewards. So, if you're looking for a credit card that can help you save money in the long run, consider getting a cashback credit card that fits your spending habits and needs.
• Entertainment credit cards:If you are someone who frequently dines out, watches movies, or attends live events, then an entertainment credit card is perfect for you. These cards offer a host of discounts, cashbacks, and reward points on entertainment spends. For instance, Bajaj Finserv Co-Branded Credit Cards offerfree movie tickets, and complimentary airport lounge visits per year. These cards not only encourage you to lead an active lifestyle but also help you save money while doing so.
• Lifestyle credit cards:As the name suggests, lifestyle credit cards are designed to cater to your lifestyle needs. These cards offer reward points, cashback and other benefits on lifestyle spends such as shopping, dining, travel, etc. For example, the 10X Plus Signature Credit Card gives up to 10airport lounge accessfor both international and domestic flyers along with other benefits.
• Prepaid credit cards:Prepaid credit cardsare a relatively new concept in India, but they are gaining popularity quickly. These cards are loaded with a specific amount of money, and you can use them to make purchases just like any regular credit card. However, the difference is that you cannot spend more than the loaded amount. These cards are perfect for people who want to budget their expenses or have a limited credit history.
• Platinum credit cards:Platinum credit cardsoffer the highest level of benefits and rewards to their users. These cards are meant for high-end customers who want to enjoy exclusive privileges such as airport lounge access, concierge service, free hotel stays, etc. These cards require a high credit score and a significant income level.

In conclusion, credit cards have become an essential part of our financial life. Choosing the right credit card based on your needs and spending habits can help you save more and gain more rewards. The Bajaj Finserv RBL Bank SuperCard comes packed with the power of four cards to help customers avail all the benefits with just one credit card.

What are the 3 different types of credit cards?

Credit cards can be broadly categorised into rewards, low-interest, and credit building cards. On every purchase, rewardscredit cards offer perks such as redeemable points, cashback, discounts, gift vouchers, etc. Low-interest cards charge a small amount as interest on the outstanding amount. Lastly, credit building cards assist those with a poor credit history.

What are the 4 types of credit cards?

The types of credit cards are categorised as per their used cases. Four types of credit cards include travel credit cards, business credit cards, reward credit cards, and shopping credit cards among others.

What are the 7 categories of credit cards?

Which is the best type of credit card?

What are the 3 types of credit cards?

Credit Cards are primarily categorised based on specific needs. The three popular types of credit cards are travel credit cards, business credit cards, and reward credit cards.

How do rewards credit cards differ from cashback credit cards?

Rewards credit cards offer points for every transaction, which can be redeemed for gifts, vouchers, or airline miles. Cashback credit cards, on the other hand, return a percentage of the amount spent directly to the cardholder’s account, effectively reducing the cost of purchases.

How can I identify if a number is associated with credit card scammers?

To identify potential credit card scammers, look for unsolicited calls or messages asking for sensitive information, numbers from unfamiliar regions, or callers who pressure you to act quickly. Always verify the caller’s identity with the bank before sharing any information.

What features distinguish premium credit cards from standard ones?

Premium credit cards typically offer higher credit limits, exclusive perks like airport lounge access, concierge services, and comprehensive insurance coverage. Standard credit cards are more basic, offering lower credit limits and fewer perks, but also have lowereligibility requirements and fees.

What are the main differences between secured and unsecured credit cards?

Secured credit cards require a security deposit that determines the credit limit, while unsecured cards do not need collateral and rely on creditworthiness. Secured cards cater to those with limited credit history, while unsecured cards suit those with established scores.

What are the specific features of travel credit cards compared to general-purpose credit cards?

Travel cards offer rewards and benefits tailored to travel expenses, like airline miles, hotel points, and travel insurance. They also provide perks like airport lounge access and concierge services, unlike general-purpose cards that focus on broader spending categories.

How do travel credit cards differ from low-interest credit cards?

Travel credit cards offer travel-specific benefits like lounge access, travel insurance, and reward points for flights and hotels, while low-interest cards focus on lower interest rates for carrying balances. Travel cards often have higher annual fees, whereas low-interest cards may have lower or waived fees, catering to different financial needs.